Goldman had sought to strike down the lawsuit, which focuses on the broker-dealer having sold $2 billion in collateralized debt obligations to clients while simultaneously betting against the securities.
Estimated reading time: 0 minutes, 21 seconds
Class Action Against Goldman Gets Green Light
U.S. District Judge Victor Marrero in Manhattan has ruled that a class action lawsuit by investors who allege that Goldman Sachs defrauded them when selling securities linked to sub-prime mortgages can go forward. So reports Financial Advisor.
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